Welcome to our BELEM BLOCKCHAIN TECHNOLOGY CO., LTD review in which we investigate the website currently found at belem.im.
On March 15, 2023, the following complaint was made with the BBB (Better Business Bureau) by a US person who claims falling for a cryptocurrency scam run by BELEM BLOCKCHAIN TECHNOLOGY CO., LTD. He writes:
Belem Exchange has blocked all withdrawals for the past twenty days. Without the permission of its users, the exchange has converted all user assets into BEM currency. After this incident, all BEM currencies have been frozen, and the exchange is not allowing the conversion of BEM currency to USDT for withdrawal.
The scammer’s information is:
- Location: Denver, Colorado, USA 80231
- Emil: support@belem.cc
- Website: belem.cc / belem.im
Currently, belem.cc is not working, but belem.im still is.
Belem.cc Review
The domain belem.cc was registered on June 11, 2022 for 5 years through Amazon Registrar, Inc.. The identity of the owners is hidden by a privacy service provided by identity-protect.org. The website is protected with Cloudflare. It is hosted by Google LLC.
SimilarWeb ranks them 15,739 in the world and 254 in Iran. In January 2023 they received 2.4M (!) visits mainly from Iran but also from the Netherlands, Finland, Germany, UK, and other countries.
Its Semrush Authority Score is 7% and it has 105 backlinks from 62 referring domains.
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Only the homepage is still indexed on Google, but there’s no cached version.
Apparently, it was a very popular Iranian exchange and we find a Reddit thread from 7 months ago titled: “is belem exchange safe ?”
Hey guys, is that a safe exchange? A Chinese person invited me to join them and make money. They even gave me their trading account and taught me something. While I was on their account, I saw their balance. I’m not sure how they trusted me. I worry that I could even take money from their account. Can someone explain what’s going on?
To which many answers came. One user warns another about being gullible, while others agree that it is a common scam. Some users offer advice to stick to known exchanges, while others caution against providing personal information or sending money to unknown sources. The conversation highlights the prevalence of scams in the cryptocurrency market and the need for caution when dealing with unknown sources.
According to scam-detector.com, the site lacks credibility and has been flagged for suspicious activity related to phishing and spamming. Additionally, it was reported that users’ assets were converted to BEM currency without their permission, which is now blocked, preventing users from converting it to USDT for withdrawal. The website has been blocking withdrawals for twenty days. It is recommended to avoid this website.
On March 16, 2023 one person reported:
Belem Exchange has blocked all its withdrawals for twenty days. Without users’ permission, all their assets were exchanged into BEM currency. After this incident, all BEM currencies were also blocked, and users are unable to convert BEM currency to USDT for withdrawal. Additionally, some of the cryptocurrencies purchased were removed, and users are currently unable to withdraw their assets for various reasons.
According to several PRs that can be found online on various news sites, Belem Exchange is a cryptocurrency trading platform that offers various financial services, including currency and contract trading, asset management, and more. The platform has over 8 million users in 120 countries and claims to have a team of top global elites with technical expertise from companies such as Google, Oracle, SoftBank, Citi, and Goldman Sachs.
Also is claimed that Belem Exchange has obtained financial regulatory licenses in many countries and regions to ensure compliant transactions and has adopted a new decentralized finance platform that aims to improve asset security. The platform has various protection features to improve its security performance. Belem Exchange has launched Belem VIP, which provides transaction fee discounts and VIP rights, with authoritative financial team trading instructions to help make more accurate investments.
There are also the automatic website review generators. According to ScamDoc, Belem.cc has a bad trust index of 23% and is suspected to be a source of spam. IsLegitSite suggests the website may be potentially legit, but users should check for reviews on TrustPilot, validate if it’s certified by McAfee SECURE, query the WHOIS database, search for website discussions on Reddit, and check for a valid telephone and email address. Scamrate.com reports that Belem.cc has not been rated by Web of Trust, and ScamWatcher.org advises users to stay away from the unregulated investment platform, which is suspected to be a scam.
A warning in Persian appears on Twitter stating that the Belem online exchange, located at belem.cc, is a fraudulent website that makes false claims and offers non-existent tokens. The profits paid to customers are not generated through legitimate trades but are instead the result of a scam. The main team behind the exchange is linked to a website called “Four leaf clover” at fourcloverworld.com (see below), and the public relations manager featured in their photo is actually an actor named Pal. This situation appears to be associated with activity originating from Iran.
Their email may have been: info@belem.cc.
On TrustPilot reviews on Belem are largely negative with multiple users claiming that the site is a scam and has frozen their accounts or blocked their money without reason. One user warns others to avoid Belem as they have lost a lot of money through the site, while another accuses Belem of violating trade rules and blocking user assets without permission. One user describes Belem as the worst website on the internet and claims that they are scamming many people every day. Trustpilot rates Belem with an average score of 3 out of 5, based on a total of 9 reviews.
It must have been a mighty loss when the website was suspended after six months of operating and attracting a huge Persian crowd. Luckily for them they quickly recovered by getting a new domain name – Belem.im.
Belem.im Review
The domain belem.im is set to expire on June 13, 2024 and is protected by Cloudflare.
SimilarWeb ranks them 60,610 in the world and 1,079 in Iran. In January 2023, they received 629.1K visits mainly from Iran and the Netherlands as well as from Germany and France.
Its Semrush Authority Score is 2% and it has 157 backlinks from 68 referring domains.
Associated with this domain name are the company name: Belem Exchange.
Name: Ben Recharged.
Country: United Kingdom.
Email: support@belem.cc & noreply@belem.band.
On LinkedIn there’s a person called “Pezhman Farzane” from New York who allegedly works for Belem.im.
According to a PR on central.newschannelnebraska.com, Belem, one of the top crypto asset trading platforms globally, has announced the launch of its utility token, BEM. The token will be available for subscription from 19:00 to 22:00 daily from March 02 to March 04, 2023. BELEM received merger and acquisition invitations from various parties, including some of the world’s best-known investment firms, demonstrating that the crypto industry has achieved another development milestone towards recognition by mainstream investors. BELEM aims to join forces with the acquirer to create a global, world-leading crypto exchange giant with diversified trading coverage, offering unprecedented access to a global cryptocurrency trading market for investors around the world.
ScamWatcher.org warns readers about the unregulated investment platform Belem.im. The website identifies several warning signs: Belem.im’s questionable services, lack of licensing, lack of transparency, and unrealistic expectations. The absence of regulation means that the people running the platform may take the customer’s money and disappear without any accountability. Belem.im is also suspected of making misleading promises about high earnings, which is typical of scams. ScamWatcher.org warns that such schemes are never secure, and customers should avoid them.
On TrustPilot there are only two Belem reviews, both giving the company a rating of 1 out of 5 stars. One reviewer claims that Belem blocked their account and 46 of their friends without reason, accusing them of money laundering, which they say is false. The other reviewer warns that Belem and belem.cc are the same and not to be trusted. The company’s TrustScore is 3 out of 5, based on these two reviews.
Belem.band Review
The domain belem.band was registered on August 22, 2022 for one year through Amazon Registrar, Inc.. It is protected by Cloudflare.
SimilarWeb ranks them 16,135,320 in the world and 356,008 in Iran. In January 2023 they received less than 5K visits.
It is mostly mentioned online as the domain hosting Belam Exchange’s email address: noreply@belem.band.
Online articles question the credibility and authenticity of Belem Exchange, a digital currency exchange platform that was launched on January 14, 2023, that claims to support Iranian users. The articles highlights several concerns about Belem Exchange, including its lack of contact information on the site, the absence of the exchange on reputable sites like Coin Market Cap and Coin Gekko, and the questionable authenticity of its rules and contact information. The articles suggest that Belem Exchange may not be a trustworthy platform for digital currency trading and advises caution.
Who is Belem Blockchain Technology Co., LTD?
According to Bizapedia.com, BELEM BLOCKCHAIN TECHNOLOGY CO., LTD is a Colorado Corporation filed on June 6, 2022. The company’s principal address is located in Denver, CO and its registered agent is Mingsen Feng. The company is in good standing and has been registered with the Colorado Secretary of State since June 2022.
The Belem digital currency signal channel on Telegram provides information about investment opportunities and updates related to the Belem digital currency exchange platform. The channel posts signals for members to buy the currency, provides news updates and links to reputable news sites, and announces bonuses and promotions for users to buy the currency. The exchange is reportedly planning to go public through mergers and acquisitions and is preparing for its listing. The channel also provides daily buying and selling signals for various cryptocurrencies and offers training and tips for those interested in trading.
FourCloverWorld.com Review
The domain FourCloverWorld.com was registered on October 4, 2022 for one year through GoDaddy.com, LLC. It is protected by Cloudflare.
They claim to be a private charity established in 2004 that aims to alleviate poverty and provide relief in Southeast Asia, Africa, and the Middle East. They offer various services, including health and hygiene, education, community development, livelihoods, and disaster relief. Their team has diverse backgrounds, and they have provided aid for various natural disasters and charitable initiatives. They work with those facing poverty and partner agencies to drive development projects, relief projects, policy initiatives, and public education. The organization has six core values and provides job opportunities for individuals to become part of their charity team. Their projects include disaster relief, poverty alleviation, teaching support, and more.
The article discusses three instances of fraudulent activities in Iran. The first involves a charity group called Four Leaf Clover that allegedly extorts money from people with the help of Belm exchange. The second is about a group that promises a 60% monthly profit and requires investors to bring in more members and capital until they can no longer withdraw their money. The third is about a fraudulent online exchange platform called BELEM, which introduced a new currency called BEM that users were pressured to buy but could not sell, resulting in practically everyone’s capital being destroyed. The article warns readers to be cautious and suggests ways to withdraw their money.
Bottom Line
In summary, Belem Blockchain Technology Co., Ltd is a cryptocurrency trading platform that has been accused of fraud by several users. The Better Business Bureau (BBB) received a complaint from a US citizen that claimed their assets were converted into BEM currency without their permission and that all BEM currency was then frozen.
The website, belem.cc, was registered in June 2022, is protected by Cloudflare, and hosted by Google LLC. While it was a popular Iranian exchange, the Semrush Authority Score is only 7%, and the site has been flagged for suspicious activity related to phishing and spamming. Belem Exchange claims to have over 8 million users in 120 countries and obtained financial regulatory licenses in many countries and regions. However, TrustPilot reviews are largely negative, with multiple users claiming the site is a scam, and their accounts have been frozen, and money blocked without reason. This situation highlights the prevalence of scams in the cryptocurrency market and the need for caution when dealing with unknown sources.
Belem.im is a website that is set to expire on June 13, 2024, and is protected by Cloudflare. SimilarWeb ranks it 60,610 in the world and 1,079 in Iran, with most of its traffic coming from Iran and the Netherlands. Belem Exchange is associated with the website, and it has received merger and acquisition invitations from various parties. However, ScamWatcher.org warns against using the unregulated investment platform Belem.im, as it has several warning signs, such as lack of licensing, transparency, and unrealistic expectations.
Belem.band is another domain registered by Belem Exchange, which is questioned for its credibility and authenticity by online articles. Belem Blockchain Technology Co., LTD is a Colorado Corporation that is in good standing and has been registered with the Colorado Secretary of State since June 2022.
Meanwhile, FourCloverWorld.com is a private charity established in 2004 that aims to alleviate poverty and provide relief in Southeast Asia, Africa, and the Middle East. They provide various services and work with those facing poverty to drive development projects, relief projects, policy initiatives, and public education. There are claims that it might be connected to Belem somehow.
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I was scammed out of 200.00$ it was a washing d.c number an the number is 202-642-2438 ex247 name was Thimothy Lawson. An they directed me what to do an stated on the phone with me the hole time. Told me to go to wal mart purchase a 200.00 $ google play card an then told me to sit in my car peel back part off an read him the numbers. An he told me this was for a 9,000$ grant from the federal government an bank was the treasures bank of New York an said I would get 9,200 in 15 to 20 min. So then he had me take a picture of my google play card an a picture of the 200.00$ receipt. An then said he was waiting on confirmation # an that number was mr9250. I did not receive any money. So I am so tramituzed by this situation an depressed so worried now about my phone bill an car insurance that needs to be paid. That money was for my bills. Now I am late on Mt bills an never was before. I pray to God I can get this money refunded back to me. My number is 302-265-5065. Thank you. Jennifer Anderson
I’m sorry to hear that you were scammed out of $200. It’s important to be cautious and not share personal information or financial details over the phone or online with people you don’t know or trust. Unfortunately, scammers can be very convincing and can easily trick people into giving away their money.
You should report the scam to the Federal Trade Commission (FTC) at ftc.gov/complaint, and to the local police department. It’s also a good idea to contact your bank and credit card companies to alert them of the fraudulent transaction and to see if they can assist you in recovering your lost funds.
In the future, be wary of unsolicited phone calls or emails offering grants or other financial assistance, especially if they require you to purchase gift cards or provide personal information. Always verify the legitimacy of any organization or offer before providing any sensitive information or sending money.